Godrej Properties Ltd (533150) closes at ₹1547.10 with
a Fall of -0.70% on
on 13-August-2021 with formation of a Small
Red Candle on Daily Price Chart.
About the Company : Godrej Properties Limited (GPL) is the
real estate development arm of the Godrej Group, which was started in 1897 and
is today one of India’s most successful conglomerates. Godrej Properties brings
the Godrej Group philosophy of innovation, sustainability, and excellence to
the real estate industry.
Sector Update :
Positive
Financials : Godrej Properties Ltd has posted Net Sales / Revenue of ₹764.90 Cr & Net Loss of - ₹189.40 Cr in FY2021 and expected to post Net Sales / Revenue of ₹1618.70 Cr & Net Profit of ₹314.30 Cr in FY2022 & Net Sales / Revenue of ₹2279.70Cr & Net Profit of ₹649.20Cr in FY2023 and Net Sales / Revenue of ₹1897.40 Cr & Net Profit of ₹810.30 Cr in FY2024 .
The company will Reduce its Net Debt from ₹3839.90 Cr in FY2021 to ₹2982.40 Cr in by FY2024. EPS will improve from -7.48 to 33.20; Free Cash Flow from -₹799.50 to -₹187.30; ROA from -1.44% to 5.09%; Book Value per Share from ₹299.00 to ₹369 during the same period.
Latest Development: 1.The company has rejigged its Mumbai management
team and brought in a new chief executive. 2. It plans to launch mid-income
housing and a fair amount of premium housing in Mumbai. 3.The company has 27
projects in Mumbai with a development potential of 38 million square feet and
nine projects with 16 million sq ft under construction. The company hopes to go
to market with at least 4-5 launches in the near future 4.The company to create
an REIT (real estate investment trust) to other such structure where Godrej
will have a minority stake
Valuations : The Company is now
Trading at X 8.59 of its valuations of FY2022 earnings with ~759% Premium and X4.13 of
its FY2023 earnings with ~313% Premium & X3.31 of its FY2024 earnings with
~231% Premium.
The Equity
Value Per Share ( Enterprise Value Method ) is
₹1522
If We factor
its FY2024 earnings/valuations, its Price arrives at ₹3944.
Disclaimer :
We are / may going to take exposure shortly.
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Data
Source | NSE Website | Screener.In | Capital Line | Money Control |Refinitiv |
The author tracks economic,
behavioural and corporate tends, hoping to gauge good avenues of return based
on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1
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